Canadian CANNAINVESTOR Magazine May 2017 - Page 21

On August 11, 2016, Health Canada introduced the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) which, along with the licensed producers, would allow individuals the right to grow a limited amount of medical cannabis for their own consumption, or designate someone to grow it for them.

ACMPR allows for a system of commercial operators that produce and sell quality controlled medical marijuana. An in-depth license application review process creates high barriers to entry including RCMP background checks and significant capital commitments to adhere to security and quality control standards.

There are roughly 40 licenses issued by Health Canada for the production and/or sale of dried marijuana in Canada with a large concentration in Ontario (24) and British Columbia (9). In order to attain a license, producers must meet rigorous health and safety standards, and all Canadian products must be consistently pharmaceutical grade (i.e. containing ingredients that have met strict standards for purity).

Horizons Medical Marijuana

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